Thu, 01/11/2012 - 16:09
UK publishers have spoken of their concern for US colleagues as the east coast struggles with the aftermath of hurricane Sandy.
Helen Bray, director of communication and branding at Wiley, said US colleagues at the offices at Hoboken, New Jersey (pictured) were having a "tough time".
"We're all feeling...
Thu, 01/11/2012 - 14:29
Whatever doesn't kill you makes you stronger, the saying goes. When Linda Zecher took over as c.e.o. of Houghton Mifflin Harcourt in autumn 2011 the company may not have been in its death throes, but it certainly was ailing.
HMH was carrying debt to the tune of $3.1bn, the result of the two acquisitons five years ago by its former...
Thu, 11/10/2012 - 11:05
Linda Zecher, the c.e.o. and director of Houghton Mifflin Harcourt said the education and trade giant is “positioned well for acquisitions” just four months after it emerged from bankruptcy.
Zecher joined the Boston-based education and trade giant from Microsoft last September with the company saddled with $3.1bn of debt....
Mon, 14/05/2012 - 08:15
US publisher Houghton Mifflin Harcourt (HMH) has agreed with the majority of its senior secured lenders and bondholders to enter into a pre-packaged chapter 11 bankruptcy, in a move set to eliminate $3.1bn (£1.93bn) of debt and reduce interest costs.
More than 70% of its senior secured lenders and bondholders have approved the...
Mon, 30/01/2012 - 08:10
Publishers launching titles on the new Apple interactive textbook platform [part of the iBooks 2 e-book store] have spoken enthusiastically of expansion plans for the future, despite warnings from education professionals of potential drawbacks.
McGraw-Hill, Pearson and Houghton Mifflin Harcourt all partnered with Apple to have...
Wed, 25/01/2012 - 08:25
Amazon.com has struck a print licensing agreement with Houghton Mifflin Harcourt, which will allow HMH to print and distribute titles from the internet giant's East Coast Group adult imprint.
HMH has set up an imprint, New Harvest, to publish the titles when they are launched in autumn 2012, with books to come from authors...
Wed, 16/03/2011 - 09:02
Barry O'Callaghan, the c.e.o. of Houghton Mifflin Harcourt, has resigned from the company but will remain a senior advisor to the business.
He will be replaced on an interim basis by chief financial officer Michael Muldowney,...
Fri, 08/10/2010 - 08:33
Houghton Mifflin Harcourt (HMH) c.e.o. Barry O'Callaghan said the publisher's debt was manageable as he outlined a host of new initiatives at Frankfurt. HMH staved off potential bankruptcy in February when bankers took over the company. The move to reduce the $7bn in debts saw O'Callaghan's equity stake diluted.
Tue, 23/02/2010 - 08:54
Publisher Houghton Mifflin Harcourt has staved off potential bankruptcy after its bankers agreed a deal to take over the company.
Chief executive Barry O'Callaghan, who created the group through a number of debt-financed deals, will remain in charge. The group has secured unanimous support from its lenders to restructure its finances...
Wed, 13/01/2010 - 16:02
Houghton Mifflin Harcourt parent company Education and Media Publishing Group (EMPG) is in discussions about a financial restructuring that could see the business taken over by its bankers, according to reports from Ireland.
In August last year the company restructured in order to reduce its $7bn (£4.3m) in debts, a move that saw...